Expectations of rising US treasury yields have hit emerging market currencies hard, but not all currencies are equally vulnerable.
Foreign exchange in demand
Emerging market FX still in demand
October 1, 2013A sell-off in some emerging market currencies owing to expectations of higher US interest rates cannot disguise the long-term trend toward greater foreign exchange activity for global banks in emerging markets.
Mapping the FX opportunity in emerging markets
October 1, 2013With smaller banks accounting for a growing share of the foreign exchange business for the largest broker-dealers, The Banker has conducted a survey of the landscape in emerging markets.